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04-09-2014, 08:56 PM | #16 |
Psycho Bag Of Squanch
Join Date: Sep 2001
Casino cash: $9594244
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Then you're correct in seeking counsel. Going forward, if I may suggest, you need to know your contract inside and out. We all live and learn.
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“Education is a weapon whose effect depends on who holds it in his hands and at whom it is aimed.” Joseph Stalin |
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04-09-2014, 08:57 PM | #17 | |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $1740477
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Quote:
If it's a straight Lease to own then the down payment could be construed as earnest money. |
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04-09-2014, 09:00 PM | #18 |
Not dead yet...
Join Date: Nov 2008
Location: Indian Creek
Casino cash: $3279903
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Are pigs still that fickle when you're not jacking them off?
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Posts: 2,794
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04-09-2014, 09:04 PM | #19 |
MY LITTLE #15
Join Date: Dec 2004
Location: Springfield, MO
Casino cash: $6269600
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I work for two.
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04-09-2014, 09:06 PM | #20 |
Fan club member
Join Date: Jun 2002
Location: Land of OZ
Casino cash: $10005117
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Vested Interest is what it is called and you better negotiate or you can spend more money litigating this contract then it is worth
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04-09-2014, 09:11 PM | #21 |
In Search of a Life
Join Date: Aug 2008
Casino cash: $2144497
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I know an estate lawyer, but he seems fake to me.
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Posts: 48,012
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04-09-2014, 09:13 PM | #22 |
Seeking the Truth daily
Join Date: Jan 2006
Location: In the Country in MO
Casino cash: $2264309
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Well yea. You haven't already looked into eviction process? They likely get 4 weeks where you can't touch them. They will rape the place in that time and leave you with a shell.
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04-09-2014, 09:45 PM | #23 |
Starter
Join Date: Nov 2013
Location: Utah
Casino cash: $10011744
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I'm a Realtor in Utah, I sent you an email offering up the best insight I could working with generalizations and no contract in hand, hopefully you find something useful in it.
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Posts: 418
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04-09-2014, 09:46 PM | #24 |
Starter
Join Date: Nov 2013
Location: Utah
Casino cash: $10011744
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Good luck with the situation, hopefully they don't lose their head and do something stupid, that is a decidedly bad to worse scenario.
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Posts: 418
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04-09-2014, 10:00 PM | #25 | |
Has a particular set of skills
Join Date: Dec 2003
Location: On the water
Casino cash: $3179627
VARSITY
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Quote:
When they initially moved in, they put in granite, had the wood floors redone and some landscaping work done. Supposedly spent $10K to improve the place.
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04-09-2014, 10:48 PM | #26 |
Supporter
Join Date: Aug 2005
Casino cash: $5403539
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You're screwed. If a real estate company is holding the earnest money, and they (the buyers) don't agree to release it to you, then that money will end up going to the state in a year. Neither of you will get it, if both parties don't agree about where the money is going.
Lesson learned for next time: Don't ever agree to something like this unless it is in the contract that you hold the deposit money and that it is completely non-refundable. |
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04-09-2014, 10:59 PM | #27 |
Starter
Join Date: Nov 2013
Location: Utah
Casino cash: $10011744
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[QUOTE=doomy3;10552517]You're screwed. If a real estate company is holding the earnest money, and they (the buyers) don't agree to release it to you, then that money will end up going to the state in a year. Neither of you will get it, if both parties don't agree about where the money is going.
Lesson learned for next time: Don't ever agree to something like this unless it is in the contract that you hold the deposit money and that it is completely non-refundable.[/] Last edited by Tacoman; 01-27-2015 at 02:18 PM.. |
Posts: 418
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04-10-2014, 05:29 AM | #28 | |
Has a particular set of skills
Join Date: Dec 2003
Location: On the water
Casino cash: $3179627
VARSITY
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Quote:
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Fear leads to anger, anger leads to hate, hate leads to suffering. -YODA |
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04-10-2014, 09:18 AM | #29 |
Ith Fuhtbawl Time
Join Date: Apr 2010
Casino cash: $9999900
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If your contract doesn't say "non-refundable option consideration" you're not going to get to keep it.
If you renegotiate, make sure you change that terminology. If your payment has gone up can you refinance and bring it down? I'm a mortgage banker, so I am in this industry. If you need good counsel call up a few of the best realtors in the area and ask them who they use. You'll get good names from them. |
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04-10-2014, 10:00 AM | #30 | |
Supporter
Join Date: Aug 2005
Casino cash: $5403539
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Quote:
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